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South African rands.
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The rand has begun the new year on a slightly higher note, after a turbulent close to 2024.
Trade in the local currency was erratic in November and December last year.
This after Donald Trump’s re-election as President of the United States of America, due to a more hawkish view from the Federal Reserve and uncertainty about his measures including planned tariffs.
The strength of the greenback and global forces have continued to have a negative short-term outlook for the rand.
The rand is currently trading at at R18,86 to the dollar.
